Ethereum Price Dips, But Analysts Predict Explosive Surge to $15,000—Here’s Why

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Ethereum Price Dips, But Analysts Predict Explosive Surge to $15,000—Here’s Why - NewsBTC

Quick Summary:

Venture Founder stated, “Base Case: Ethereum likely to repeat this impulsive breakout it did between 2016-2017 to shoot to new ATH.” 3 years of triangle consolidation for #Ethereum and $ETH could enter a new paradigm which it consolidated for the past 7 years.

Related Reading: Ethereum Risk-Reward Ratio Is Now Attractive, Brokerage Firm Explains Chart Patterns Indicate Potential Rally While Ethereum’s current price trajectory may appear discouraging, analysts within the cryptocurrency community have expressed optimism regarding its long-term potential.

Price Target: $15,937 by May 2025 pic.twitter.com/3iYZTjG6Lv — venturefounder (@venturefounder) December 2, 2024 Symmetrical Triangle Pattern Sparks Interest Clifton Fx, another respected analyst, offered a similar outlook, focusing on Ethereum’s symmetrical triangle formation observed in the weekly timeframe.